Complex credit Everything Everywhere debuts with simple hit

Everything Everywhere, the joint venture of France Télécom and Deutsche Telekom that is the UK’s largest mobile phone company, launched its debut bond on Tuesday to an eager reception.

  • 03 Feb 2012

Despite the issuer’s strong business franchise as owner of the Orange and T-Mobile networks, it proved a difficult credit to explain to investors, which partly accounted for the deal’s slow progress to market.

The delay, which also owed something to the borrower’s tentative approach and the tight pricing ...

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5 Citi 17,718.43 69 5.98%